Title 6 — Banks and Banking
45 chapters · 536 sections in this title.
N.D.C.C. § 6-09.9-01 Short title
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This chapter may be known as the Family Farm Survival Act of 1985.
N.D.C.C. § 6-09.9-02 Definitions
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In this chapter, unless the context or subject matter otherwise requires: 1. "Farmer" means a resident of this state who owns or operates an existing farm or ranch operation, and has a debt-to-asset ratio of fifty percent or greater or a net worth of less than an amount determine…
N.D.C.C. § 6-09.9-03 Operating loans - Participation by the Bank of North Dakota
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1. The Bank of North Dakota shall make available an appropriate amount of funds to purchase participation interests in operating loans to farmers. Interest charged on a participation interest purchased by the Bank under this section may not exceed one percent less than the Bank's…
N.D.C.C. § 6-09.9-04 Participation loans by private financial institutions
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1. The industrial commission may adopt rules relating to the maximum rate of interest charged on the portion of the operating loan retained by a participating financial institution. 2. All participation interests purchased are subject to the review and approval of the Bank.
N.D.C.C. § 6-09.9-05 Interest buydown
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1. There is hereby established an interest rate buydown fund to be maintained by the industrial commission at the Bank of North Dakota. 2. The industrial commission may buy down or reduce the interest paid by a farmer or agribusiness on the Bank's portion of the participation ope…
N.D.C.C. § 6-09.9-06 Agribusinesses
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Repealed by S.L. 1989, ch. 117, § 4; S.L. 1989, ch. 110, § 11.
N.D.C.C. § 6-09.9-07 Rules
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The industrial commission may adopt such rules and guidelines as are necessary to implement sections 6-09.9-01 through 6-09.9-05.